Must Read Money Stories For Thursday, Feb. 5

by February 5, 2015


By Thor’s Hammer! Iceland is building its first temple to the Norse gods since the Viking age, the Guardian writes. The island nation converted to Christianity more than 1,000 years ago, but the old viking ways are gaining popularity again, as Icelanders see valuable metaphors about nature and human psychology in the old traditions. The temple will host weddings, funerals and naming ceremonies.

Another pharmaceutical acquisition. Pfizer bought Hospira, a company known for making injectable drugs, on Thursday for $15.2 billion, according to the New York Times. The deal, which is valued at $17 billion including debt, comes after Pfizer failed to buy British drug maker AstraZeneca last year after UK political opinion soured on the proposed acquisition, which would have allowed the American company to reincorporate abroad and save millions on taxes.

Getting family-friendly for Joe. Vice President Joe Biden visited Vice Media’s headquarters in Brooklyn, N.Y., on Tuesday, which prompted the company to send its employees an unusual message: get rid of all of your NSFW items in preparation for the VP’s visit. Vice Sports contributing editor David Roth told Capital New York that the “lucha libre underpants hanging over the copy machine were taken down” prior to Biden’s visit.

Tales from the Hot Stove. James Shields’ free agency is still dragging on, and a new frontrunner for the ace has emerged: the Chicago Cubs. Yahoo Sports says the Cubs, who recently signed a $155 million deal with pitcher Jon Lester, are seriously considering making an offer to Shields who says he’d be open to Chicago’s overtures. The Cubs have a relatively young roster, so they’re not bogged down by payroll, which could allow their front office to be aggressive as they pursue the 33-year-old.